Stock of the Day: On Deck Capital Inc Sets All-Time Low; Strong Momentum for Sellers

Stock of the Day: On Deck Capital Inc Sets All Time Low; Strong Momentum for Sellers

The stock of On Deck Capital Inc (NYSE:ONDK) reached all time low today, Nov, 8 and still has $3.56 target or 11.00% below today’s $4.00 share price. This indicates more downside for the $286.21M company. This technical setup was reported by Barchart.com. If the $3.56 PT is reached, the company will be worth $31.48 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 70,303 shares traded hands. On Deck Capital Inc (NYSE:ONDK) has declined 43.54% since April 5, 2016 and is downtrending. It has underperformed by 45.50% the S&P500.

On Deck Capital Inc (NYSE:ONDK) Ratings Coverage

Out of 18 analysts covering On Deck Capital (NYSE:ONDK), 2 rate it a “Buy”, 1 “Sell”, while 15 “Hold”. This means 11% are positive. On Deck Capital has been the topic of 42 analyst reports since July 31, 2015 according to StockzIntelligence Inc. FBR Capital maintained the stock with “Mkt Perform” rating in Friday, September 16 report. The firm has “Neutral” rating given on Tuesday, May 3 by Compass Point. On Thursday, May 26 the stock rating was initiated by Macquarie Research with “Outperform”. The stock of On Deck Capital Inc (NYSE:ONDK) earned “Market Perform” rating by FBR Capital on Tuesday, May 3. The firm has “Mkt Perform” rating by Bruyette & Woods” given on Wednesday, August 12. The firm has “Outperform” rating by FBR Capital given on Tuesday, February 23. The firm has “Outperform” rating by FBR Capital given on Wednesday, September 2. The firm has “Market Perform” rating given on Tuesday, May 31 by Wood. KBW initiated On Deck Capital Inc (NYSE:ONDK) on Thursday, August 13 with “Market Perform” rating. The rating was downgraded by Sterne Agee CRT to “Underperform” on Tuesday, May 3.

According to Zacks Investment Research, “On Deck Capital, Inc. is an on-line platform that uses a big data, analytic model to source, underwrite, and fund loans to small businesses. The Company offers online tools and resources including data aggregation and electronic payment technology, and to evaluate the health of small businesses. It’s small business loans include dental loans, restaurant loans, medical financing, restaurant financing, fast small business loans, fast small business financing, online small business loans, online applications for small business loans, small business loans online, retail capital, fast small business financing, short-term business loans, business equipment financing, small business equipment financing and merchant cash advance. On Deck Capital Inc. is based in United States.”

More notable recent On Deck Capital Inc (NYSE:ONDK) news were published by: Marketwatch.com which released: “On Deck Capital slumps 35% after earnings miss and FBR downgrade” on May 03, 2016, also Wsj.com with their article: “Inside JP Morgan’s Deal With On Deck Capital” published on December 30, 2015, Fool.com published: “Why On Deck Capital Inc. Stock Rocketed Today” on December 02, 2015. More interesting news about On Deck Capital Inc (NYSE:ONDK) were released by: Valuewalk.com and their article: “On Deck Capital Inc (ONDK) Surges After Analyst Initiation” published on July 07, 2016 as well as Fool.com‘s news article titled: “The $1.3 Billion Problem with On Deck Capital and Lending Club” with publication date: May 09, 2016.

ONDK Company Profile

On Deck Capital, Inc., incorporated on May 4, 2006, offers an online platform for small business lending. The Company’s platform aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Company’s Website, and using its OnDeck Score, the Company makes a funding decision and transfers the funds. It offers a financing solution for small businesses, including short-term loans of over 10 months and long-term loans of over 40 months, and lines of credit. The Company’s integrated platform includes the Company’s Website, which allows small businesses to apply for a loan, round the clock; data and analytics engine, which analyzes data attributes from disparate sources to assess the real-time creditworthiness of a small business; the technology, which offers funding of loans, and daily and weekly collections, and ongoing servicing system.

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